Yes, just like England lost the power to America, and Spain lost the power to England, so will US lose the power to China. Precisely because of the reasons author listed.
Macro Perspective: Is This America's Great Decline?
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Re: Macro Perspective: Is This America's Great Decline?
#12It didn't take too long before it was time to stop reading this article. After two paragraphs of this kind of stuff its easy to fill in the blanks. America will do fine in the future. It is easy to lose site of this when looking at things on the surface such as imports vs. exports in the US and emerging markets vs the stale US economy. America has the best univerities in the world, and the largest amount of highly ed…
If the US economy tanks, everybody else tanks.
Re: Macro Perspective: Is This America's Great Decline?
#13Earlier quoted context omitted.
I don't think that's a given. China is big , but that doesnt necessarily equate to power. Besides that, who says America's decline has to come right now? It's easy to be all doom and gloom in economic times like these, but the grass isn't greener on the other side. Other countries are in this as deep if not deeper than we are.
An aging US population, massive growing debt, shrinking dollar and shrinking manufacturing says America's decline is now.
Re: Macro Perspective: Is This America's Great Decline?
#14Earlier quoted context omitted.
I don't think that's a given. China is big , but that doesnt necessarily equate to power. Besides that, who says America's decline has to come right now? It's easy to be all doom and gloom in economic times like these, but the grass isn't greener on the other side. Other countries are in this as deep if not deeper than we are.
An aging US population, massive growing debt, shrinking dollar and shrinking manufacturing says America's decline is now.
Re: Macro Perspective: Is This America's Great Decline?
#15I'm living in an era where the US dominance is at its highest. May be I'm alone. Let's look around. My computer, my phone, websites and services I use, the cars (we used to buy French ones, now as Ford and other alternatives are available, we and the whole Tunisian population are somehow diversifying).... Everything you can think of, from food to Energy or wars, if you make a deeper look and analysis, you'll notice a…
Your argument along with your evidence is the state of things as they are today; decline is the trend (the derivative if you may). Just because we're at our peak, doesn't mean we're still growing.
Re: Macro Perspective: Is This America's Great Decline?
#16It didn't take too long before it was time to stop reading this article. After two paragraphs of this kind of stuff its easy to fill in the blanks. America will do fine in the future. It is easy to lose site of this when looking at things on the surface such as imports vs. exports in the US and emerging markets vs the stale US economy. America has the best univerities in the world, and the largest amount of highly ed…
I'm wondering if those of us who dream about creating companies and changing the world can start to envision a future that provides opportunities for a broad swath of working class Americans.
Re: Macro Perspective: Is This America's Great Decline?
#17But then of course everyone would just nod their heads and we wouldn't have all this interesting discussion.
Re: Macro Perspective: Is This America's Great Decline?
#18The funny thing is China isn't an imperialist country. They're primarily concerned with their internal affairs and with the rest of the world insofar as they need their raw materials and advanced technology. They're not very interested in leading and controlling the world like the west seems to be so obssessed with.
Anyhow, imperial ambitions grow with capacity. For now, China asserts itself in its "backyard" (and Africa -- check out the Forum on China–Africa Cooperation). Chinese reach will almost certainly extend if their military competition dwindles.
Re: Macro Perspective: Is This America's Great Decline?
#19It didn't take too long before it was time to stop reading this article. After two paragraphs of this kind of stuff its easy to fill in the blanks. America will do fine in the future. It is easy to lose site of this when looking at things on the surface such as imports vs. exports in the US and emerging markets vs the stale US economy. America has the best univerities in the world, and the largest amount of highly ed…
The people I worry about in the U.S. are the ones who will not be equipped to be entrepreneurs, innovators, or knowledge management types. Only about 30% of Americans earn a college degree. We university types tend to forget they exist, just as most of us forget that the Earth is 70% ocean. They are just off our cognitive rader screens, not part of our universe. I'm wondering if those of us who dream about creating c…
There may be bigger differences between the classes than there were 40 year ago, but thats a strawman - progress is measured in whether or not you advance, and doesn't depend on whether or not your neighbor advances more.